Crane-mounted sensor and jobsite intelligence startup Versatile announced on Sept. 14 that it has secured $80 million in Series B funding. This comes on the heels of a $20 million Series A funding round secured in December 2020.

U.S. firm will acquire factories and intellectual property from Japan-based company in dissolving a joint venture to manufacture and sell its construction equipment in the Americas under the Deere brand.

After a successful trial of a railcar-mounted robot to drill holes for tunnel cable racks, the MTA is putting together an open bidding process for vendors to further develop a robot drill rig for use in New York City’s subway tunnels.

New advances in automation, data collection and the perils of too many pilot projects were the top line ideas at the first day of the 2021 ENR FutureTech conference. 

The company cites project losses among the causes of its financial trouble. 

The vertically integrated construction startup that sought to bring the myriad aspects of design, manufacturing and construction under one roof, is set to stop operations, according to media reports.